In corporate news:

The Hartford reported net income of $388 million for the three months ended Sept. 30, 2014, up 32 percent from $293 million in third quarter 2013. Third quarter 2014 net income included a $102 million, after-tax, unlock charge primarily related to the company’s annual assumptions update, compared to a $104 million, after-tax, unlock charge in third quarter 2013. The company reports that new business premium for Small Commercial increased 11 percent over third quarter 2013 to $128 million driven by growth in workers’ compensation and package business. Middle Market new business premium increased 5 percent from third quarter 2013 to $112 million. The Hartford partners with many independent agents across Louisiana for small business insurance needs.

Read the full report here.

 

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